- Linked to free Kasasa Cash® account
- Automatic transfers of Kasasa Cash rewards
- 0.60% APY* on balances up to $100,000
- 0.60 – 0.43% APY on balances over $100,000 depending on balance in account*
- 0.01% APY* if qualifications are not met on Kasasa Cash
- No monthly service fee
- No minimum balance to earn rewards
- Free online banking
- Free eStatements
- No minimum deposit to open
There are no extra qualifications to get the Kasasa Saver reward rate. If you qualify for Kasasa Cash® checking rewards, you automatically get the Kasasa Saver rate too! Simply do the following each monthly qualification cycle:
- Have at least 10 debit card purchases post and settle
- Be enrolled and receive eStatement notice
- Have at least 1 direct deposit or 1 automatic payment (ACH) post and settle
If you don't meet the qualifications, don't worry. There's no penalty and both accounts are still free and earn our base rate interest. Plus, you can get back to earning the full rewards the very next month.
*APY=Annual Percentage Yield. APYs accurate as of 02/27/2015. Rates may change after account is opened. Qualifying transactions must post and settle to Kasasa Cash account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post and settle to account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Kasasa Cash APY is based on compounding interest. Interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and does not compound. Actual interest amount paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. If qualifications in Kasasa Cash are met each monthly qualification cycle: (1) balances up to $100,000 in Kasasa Saver receive an APY of 0.60%; and (2) balances over $100,000 in Kasasa Saver earn 0.25% interest rate on portion of balance over $100,000, resulting in 0.60% - 0.43% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.01% APY. Transfers between accounts do not count as qualifying transactions. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.